Contact Information

Mobile Home Park Details

  • Price: $5,800,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1239197
  • Posted On: Apr 6, 2020
  • Updated On: Apr 6, 2020

Property Description

BEAUTIFUL LOCATED 95% OCCUPIED COMMUNITY IN MICHGAN

Location

SELLER REQUESTED NON DISCLOSURE TO BE SIGNED BEFORE OM IS SENT

Amenities

  • Club House
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 300
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $450
Size: 30 acre(s)

Financial Information (Actual)

Gross Income $730,000
Operating Expense $330,000
Net Operating Income $400,000
Expense Ratio 45.2 %
Debt Info

Lot Information

Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 30
Average Rent for Park-owned Homes: $150

Download Documents

Other Listings by Michael Calin See More

Similar Mobile Home Parks for Sale